Edit: The fanboys can’t accept hard proof and are downvoting the hell out of this comment and the post.
Real mature for supposedly “future” and “forward” thinking people.
Omfgnta on
So Elon can pay himself with your money.
ClassroomOwn4354 on
They are afraid of Amazon that wants to compete with their main revenue source and need a big slush fund in order to weather the inevitable turbulence because Amazon almost never plays fair and as a company is two orders of magnitude bigger than SpaceX in everything but valuation. And a new rocket seems to be debuting every other month at this point and lately those have been attempting to land their first stage like what they are famous for. The ISS is being de-orbited in 5 years and so there goes the Dragon revenue. That is their 3 products – launch, starlink and dragon.
Substantial__Unit on
Private investors are probably topped off, this can happen when the smart money feels like SpaceX is at the top of its value,or is heavily over valued. The less smart money from public markets can then help SpaceX bit it can also push its over valuation higher making it even more risky. Which of these it is I have no idea.
sewand717 on
Pre-Trump, the conventional wisdom would say public ownership would kill the Martian dream as there’s little possibility of profit. But now, Musk may feel he can bully the board and his investors into supporting whatever he wants (see Tesla).
So is Elon giving up on Mars, or is this just another sign that the uberbillionaires can do whatever they want?
Skeptical0ptimist on
Hmm.
For years, Musk has been poo-pooing space based solar power generation due to conversion losses from optical photon to electrons, then electrons to microwave photons back to electrons.
But I guess now that the use point is in orbital space (space AI data center), he’s on board?
Given how difficult it is to put in new generation capacity in the terrestrial U.S., and SpaceX virtual monopoly on orbital launch (especially once starship becomes functional), he may have an insurmountable advantage in scaling up AI data centers by launching them into space, at least among the US AI players.
The_Axumite on
Tesla is ruined..only way to be a trillionare now. We are never going to mars any time soon.
TheDudeAbidesFarOut on
Exit
Liquidity
Exit
Liquidity
Cronus_Z on
Elon desperately wants to be able to say he’s a trillionaire. Bringing it public will push him over that mark easily.
So basically a stupid move to soothe his ego at the expense of risking what has made the company successful
adarkuccio on
He knows just like tesla it’ll be extremely overvalued so he wants da money
runningoutofwords on
Maybe they’re afraid the Tesla memestock has run its course, and the floor is about to drop out. Time to move the grift over to the next memestock.
zoinkability on
So Musk can grift more money out of shareholders, presumably. It’s been working great for him at Tesla.
ElZacho1230 on
Oh yay, instead of Mars we will get more AI Slop, but from Space.
forseti99 on
>“The level beyond that is constructing satellite factories on the Moon and using a mass driver (electromagnetic railgun) to accelerate AI satellites to lunar escape velocity without the need for rockets,”
Dear god, this guy watched a video of Dyson Sphere Program, or something similar, maybe that
Kurzgesagt video of „How to build a Dyson Sphere“.
Gullible_Meaning_774 on
Are they going to socialize the losses now?
Ehgadsman on
so Saudi Arabia can buy the United States space program and ballistic missile technology, duh!
RulerOfSlides on
For all the people I’ve argued with here over the years that Starship was a bullshit program and Musk was a charlatan, now that Mars is about to be abandoned by an IPO, where’s my apology?
Drone314 on
Tesla is dying. The cars are going to have lets say, a challenged resale environment. International competitors are going to eat Elon’s lunch with new sales and Tesla may vary well fold into the dustbin of auto manufacturers. So he needs money. Now that BO is on the scene competition in launch can begin in earnest.
Wbino on
1. It should be nationalized.
2. If it goes public does that mean that we no longer have to subsidize it with our tax money?
B4SSF4C3 on
They are about to get real competition. If they wait until other firms have reusable vehicles, they will not get as high a valuation. They are cashing out now while the cashing out is good.
Spiritual_Impact8246 on
Private equity will only take you so far without giving up all your ownership. Going public now means keeping the majority stake and continuing to raise funding. You always want to wait to go public until you have maxed out private equity
hobopwnzor on
They can’t continue getting more private funding and they know Elon has a cult following so they can unload their shares on the public for a payoff.
Possibly due to the insane amount of private funding that the AI space is currently soaking up from everywhere else
InSight89 on
This really shows how much Elon Musk has changed over the years. He’s gone from a man who deeply opposed taking his companies public due to the inherit flaws in doing so to a man who is now in support of it.
That being said, I’ll probably look at investing as I’m sure there’s some money to be made. But the whole humans to Mars goal will basically be tossed right out of the window.
Raspberries-Are-Evil on
To make money for the executives.
PM_ME_YER_MUDFLAPS on
Elon needs to cash out. It is that simple
internetlad on
That trillion ain’t gonna pay itself
darkenmoonz on
People forget that Elon cofounded OpenAI and tried to take it public by absorbing it into Tesla. He does not run these futurism companies out of kindness.
dogscatsnscience on
Over 2/3’s of SpaceX’s launches for the last 2 (at least?) years are Starlink.
The revenue case for SpaceX heavily relies on whether Starlink can sustainably grow and be profitable, because the non-Starlink business is a much smaller part of the company.
I suspect public investors will have no clue how to value any of this and hope to get a repeat of Tesla’s meme stock growth, but this may be much harder to sell.
nim_opet on
What kind of a question is that? Going public will get the private shareholders and exit and something between 300 and 1000% return on their investment.
iThradeX on
Usually it means that the stock is overpriced
cplchanb on
Their starships are costing a fortune
TheWorldRider on
He probably realized his spacefaring goals are unlikely in his lifetime. Might as well cash in.
-BluBone- on
Go public and enshitify space exploration 🙄
robdalky on
It is a bit surprising, for a space endeavor one of the benefits of staying private is freedom from FOIA and the ability to keep anything you want under lock and key
It seems like having a publicly traded entity would jeopardize a lot of the privilege that certain government agencies and private entities can employ
ringobob on
Why? Because Tesla is wearing thin. No more or less complicated than that.
toastronomy on
because melon bus want the mone
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37 Kommentare
Money.
It’s not a complicated question
[Elon confirmed](https://x.com/elonmusk/status/1998900795207725073?s=46&t=Co5mseB-5-sNUFodl861bw) for all the spacex fanboys who can’t accept this.
Edit: The fanboys can’t accept hard proof and are downvoting the hell out of this comment and the post.
Real mature for supposedly “future” and “forward” thinking people.
So Elon can pay himself with your money.
They are afraid of Amazon that wants to compete with their main revenue source and need a big slush fund in order to weather the inevitable turbulence because Amazon almost never plays fair and as a company is two orders of magnitude bigger than SpaceX in everything but valuation. And a new rocket seems to be debuting every other month at this point and lately those have been attempting to land their first stage like what they are famous for. The ISS is being de-orbited in 5 years and so there goes the Dragon revenue. That is their 3 products – launch, starlink and dragon.
Private investors are probably topped off, this can happen when the smart money feels like SpaceX is at the top of its value,or is heavily over valued. The less smart money from public markets can then help SpaceX bit it can also push its over valuation higher making it even more risky. Which of these it is I have no idea.
Pre-Trump, the conventional wisdom would say public ownership would kill the Martian dream as there’s little possibility of profit. But now, Musk may feel he can bully the board and his investors into supporting whatever he wants (see Tesla).
So is Elon giving up on Mars, or is this just another sign that the uberbillionaires can do whatever they want?
Hmm.
For years, Musk has been poo-pooing space based solar power generation due to conversion losses from optical photon to electrons, then electrons to microwave photons back to electrons.
But I guess now that the use point is in orbital space (space AI data center), he’s on board?
Given how difficult it is to put in new generation capacity in the terrestrial U.S., and SpaceX virtual monopoly on orbital launch (especially once starship becomes functional), he may have an insurmountable advantage in scaling up AI data centers by launching them into space, at least among the US AI players.
Tesla is ruined..only way to be a trillionare now. We are never going to mars any time soon.
Exit
Liquidity
Exit
Liquidity
Elon desperately wants to be able to say he’s a trillionaire. Bringing it public will push him over that mark easily.
So basically a stupid move to soothe his ego at the expense of risking what has made the company successful
He knows just like tesla it’ll be extremely overvalued so he wants da money
Maybe they’re afraid the Tesla memestock has run its course, and the floor is about to drop out. Time to move the grift over to the next memestock.
So Musk can grift more money out of shareholders, presumably. It’s been working great for him at Tesla.
Oh yay, instead of Mars we will get more AI Slop, but from Space.
>“The level beyond that is constructing satellite factories on the Moon and using a mass driver (electromagnetic railgun) to accelerate AI satellites to lunar escape velocity without the need for rockets,”
Dear god, this guy watched a video of Dyson Sphere Program, or something similar, maybe that
Kurzgesagt video of „How to build a Dyson Sphere“.
Are they going to socialize the losses now?
so Saudi Arabia can buy the United States space program and ballistic missile technology, duh!
For all the people I’ve argued with here over the years that Starship was a bullshit program and Musk was a charlatan, now that Mars is about to be abandoned by an IPO, where’s my apology?
Tesla is dying. The cars are going to have lets say, a challenged resale environment. International competitors are going to eat Elon’s lunch with new sales and Tesla may vary well fold into the dustbin of auto manufacturers. So he needs money. Now that BO is on the scene competition in launch can begin in earnest.
1. It should be nationalized.
2. If it goes public does that mean that we no longer have to subsidize it with our tax money?
They are about to get real competition. If they wait until other firms have reusable vehicles, they will not get as high a valuation. They are cashing out now while the cashing out is good.
Private equity will only take you so far without giving up all your ownership. Going public now means keeping the majority stake and continuing to raise funding. You always want to wait to go public until you have maxed out private equity
They can’t continue getting more private funding and they know Elon has a cult following so they can unload their shares on the public for a payoff.
Possibly due to the insane amount of private funding that the AI space is currently soaking up from everywhere else
This really shows how much Elon Musk has changed over the years. He’s gone from a man who deeply opposed taking his companies public due to the inherit flaws in doing so to a man who is now in support of it.
That being said, I’ll probably look at investing as I’m sure there’s some money to be made. But the whole humans to Mars goal will basically be tossed right out of the window.
To make money for the executives.
Elon needs to cash out. It is that simple
That trillion ain’t gonna pay itself
People forget that Elon cofounded OpenAI and tried to take it public by absorbing it into Tesla. He does not run these futurism companies out of kindness.
Over 2/3’s of SpaceX’s launches for the last 2 (at least?) years are Starlink.
The revenue case for SpaceX heavily relies on whether Starlink can sustainably grow and be profitable, because the non-Starlink business is a much smaller part of the company.
I suspect public investors will have no clue how to value any of this and hope to get a repeat of Tesla’s meme stock growth, but this may be much harder to sell.
What kind of a question is that? Going public will get the private shareholders and exit and something between 300 and 1000% return on their investment.
Usually it means that the stock is overpriced
Their starships are costing a fortune
He probably realized his spacefaring goals are unlikely in his lifetime. Might as well cash in.
Go public and enshitify space exploration 🙄
It is a bit surprising, for a space endeavor one of the benefits of staying private is freedom from FOIA and the ability to keep anything you want under lock and key
It seems like having a publicly traded entity would jeopardize a lot of the privilege that certain government agencies and private entities can employ
Why? Because Tesla is wearing thin. No more or less complicated than that.
because melon bus want the mone